skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. NET.UN: What do you think of the quarterly results for Canadian Net REIT? [Canadian Net Real Estate Investment Trus]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: What do you think of the quarterly results for Canadian Net REIT?

Asked by Eugene on August 23, 2021
5i Research Answer:

Second-quarter results were quite positive for Canadian Net. It collected 100% of its rents, revenues increased by 61% to $5.6M, and free cash flow of $2.9M for the quarter. During the quarter the company added the Food Basics banner and acquired three parcels of land designated for development. Profit margins increased substantially and its cash balance increased from $0.5M in the previous quarter to $1.4M. We would consider these as quite positive results.